As the value of bitcoin went down from $17,549.67 in dec 2017 to near about $4300 in dec 2018, I think that this is the downfall of the bitcoin and the cryptocurrency market. The difference is $13,200 in less than a year which clearly indicates that major cryptocurrencies are crashing in a sudden and dramatic manner as a result of market collapse, with ethereum, litecoin, and bitcoin cash all following its lead.
RE: Why Bitcoin is stalled at 4200-4300, what does it mean, next leg up or down?
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Why Bitcoin is stalled at 4200-4300, what does it mean, next leg up or down?
Jan 2017 bitcoin was around $1000 so today its at $4300 ... that's a pretty good gain. The problem is most thought bitcoin was buy today sell tomorrow and make millions or novices buying into the hype they read online. The downturn has nothing to do with bitcoin or the health of crypto in general but more with the greed and/or stupidity of those buying it. Just my thoughts.
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